NEW YORK, March 24, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the 2023 Roofing Underlayment Global Market Report – https://www.reportlinker.com/p06433660/?utm_source=GNW
Boral Roofing LLC., Keene Building Products, Intertape Polymer Group Inc. and VaproShield.
The global roof underlay market grew from US$25.38 billion in 2022 to US$27.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war has, at least in the short term, disrupted the chances of a global economic recovery from the COVID-19 pandemic. The war between these two countries has resulted in economic sanctions against several countries, a surge in commodity prices and supply chain disruptions, leading to inflation in goods and services and affecting many markets around the world. The roof underlay market is expected to grow to $33.81 billion by 2027 at a CAGR of 5.7%.
The roof pad market consists of sales of synthetic, self-adhesive and felt roof pads. The values in this market are “factory gate” values, ie the value of the goods sold by the manufacturers or creators of the goods to other companies (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes the related services sold by the creators of the goods.
Roof underlay refers to a layer that lies between shingles and the roof membrane or decking. This is a waterproofing or water-resistant material that is placed directly onto a roof deck before other roofing materials are placed.
It acts as a secondary protective layer for the house.
Asia Pacific was the largest region in the roof underlay market in 2022. The regions covered in the Roof Underlay market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main installation methods in the roof underlay market are self-adhesive and mechanically fastened. Self-adhesive roof pads are used to protect homes from environmental hazards such as water and snow without the need for an external adhesive.
The self-adhesive backing has an adhesive layer already applied, eliminating the need for external adhesive and shortening the installation process , and non-bitumen synthetic.
The different application types include residential, commercial and non-residential.
The growth in construction of residential and non-residential buildings is anticipated to impel the growth of roof underlay market in the future. Construction refers to the assembly and erection of structures that provide shelter for residential or commercial use.
Roof pads are used in all residential and commercial buildings and act as a barrier between the framing materials and the top layer of shingle in roof construction to protect against water leakage. For example, according to the American Institute of Architects, a US-based professional membership organization for architects, non-residential construction is expected to increase by 5.4% in 2022 and is projected to reach 6.1% by 2023. Also, the U.S. The Census Bureau, a U.S. government agency, said monthly housing activity increased in 2022. Hence, the growth in the construction industry is driving the growth of the roof underlay market.
Technological advances are a major trend gaining popularity in the roof underlay market. Large companies operating in the roof underlay sector focus on technological innovations to meet consumer demand and strengthen their position.
For example, in November 2021, Boral Roofing, a US-based manufacturer of roofing products and building materials, launched Sol-R-Skin Blue roof underlay, which has unique UV protection and anti-glare properties. It helps protect the home from UV rays and enhances energy-saving capabilities with the barrier aluminum surface that reflects heat and a fiberglass mat that further improves heat resistance.
This also has properties of waterproofing and insulating abilities.
In September 2021, GAF, a US-based roofing and waterproofing manufacturer, acquired FT Synthetics for an undisclosed amount. The acquisition would help GAF enhance its ability to innovate and offer consumers an expanded product offering.
FT Synthetics is a Canada-based manufacturer of synthetic underlays for steep pitch roofs.
The countries covered in the Roof Underlay market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
Market value is defined as the revenue earned by businesses from the sale of goods and/or services within the specified market and region through sales, grants or donations in currency (in USD unless otherwise noted).
The revenue for a specific region are consumption values, which are revenue generated by organizations in the specific region within the market, regardless of where they are produced. Proceeds from resales down the supply chain, either further down the supply chain or as part of other products, are not included.
The Roof Underlay market research report is one of a series of new reports that provide Roof Underlay market statistics, including global market size, regional shares, competitors with a Roof Underlay market share, detailed Roof Underlay market segments, market trends and opportunities, and much more other data you need to succeed in roof underlay industry. This Roof Underlay Market Research Report provides a complete overview of everything you need with in-depth analysis of the current and future scenario of the industry.
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